OPEN-SOURCE SCRIPT
NY RTH Opening Range [M1D]
NY RTH Opening Range [M1D]
This indicator marks the New York Regular Trading Hours Opening Range (09:30–10:00 New York time, DST-adjusted automatically) on any chart timeframe at or below 30 minutes.
How it works: the script accumulates the highest high and lowest low across every bar that falls inside the 09:30–10:00 New York session window, rather than assuming a single candle equals the range — this makes it accurate whether you're viewing a 1-minute or 30-minute chart.
Once the window closes, the range locks and three levels are drawn: the range high, the range low, and the midpoint (equilibrium). The current day's range plus a user-defined number of prior days are displayed for reference, with prior days dimmed automatically.
After the range locks, the script monitors price for a confirmed bar close beyond the range high or low and marks a single directional signal per side per day. If price later closes back inside the range following a break, a separate marker flags that the break may have failed, prompting reassessment rather than continued directional bias.
A status panel in the corner of the chart shows whether the range is still forming or has locked, the current high/low values, and the live directional bias.
Settings: session window and timezone, line extension length, number of prior days shown, line/marker colours, and panel visibility are all user-adjustable via the indicator's settings menu.
Note: This tool identifies a structural reference level and does not constitute financial advice or a standalone trading signal. As with any single concept, it is intended to be used as one component of a broader trading framework and should be combined with proper risk management.
This indicator marks the New York Regular Trading Hours Opening Range (09:30–10:00 New York time, DST-adjusted automatically) on any chart timeframe at or below 30 minutes.
How it works: the script accumulates the highest high and lowest low across every bar that falls inside the 09:30–10:00 New York session window, rather than assuming a single candle equals the range — this makes it accurate whether you're viewing a 1-minute or 30-minute chart.
Once the window closes, the range locks and three levels are drawn: the range high, the range low, and the midpoint (equilibrium). The current day's range plus a user-defined number of prior days are displayed for reference, with prior days dimmed automatically.
After the range locks, the script monitors price for a confirmed bar close beyond the range high or low and marks a single directional signal per side per day. If price later closes back inside the range following a break, a separate marker flags that the break may have failed, prompting reassessment rather than continued directional bias.
A status panel in the corner of the chart shows whether the range is still forming or has locked, the current high/low values, and the live directional bias.
Settings: session window and timezone, line extension length, number of prior days shown, line/marker colours, and panel visibility are all user-adjustable via the indicator's settings menu.
Note: This tool identifies a structural reference level and does not constitute financial advice or a standalone trading signal. As with any single concept, it is intended to be used as one component of a broader trading framework and should be combined with proper risk management.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.